Hi noting that your question to me has been answered and thanks for that Xen' , would just add we may see a spike, trading holt, and or a crash in sp before lab results if we hit water or as we all hope, see a spike, as other positive indicators are seen when we hit traget depth because, obviously that would be known on the ground as logging is done and always seems to leak to the market. There are numerous hand held instruments used on the ground these days including a lot of visual indications. While as you say traders are to some degree doing what you have stated however I personally think that the main percentage of volume is down as current holders exit and take profits to derisk thier holdings from a poor drill result. In other words current sellers are implementing a free carried strategy or existing altogether, we are seeing large trade at the lower price being taken with new buyers joining at lower points in the que and then not being taken out by larger sell orders as the price drops. The geopolitical situation is possibly also adding to this downward pressure. Some time ago I posted we should be between 100-120m mc pre drilling results and we are bouncing between 85-95 let's see if in the last couple of days we get a spike on lower volume as share holders wishing to exit dry up and new buyers who are wishing to take the punt on drill results enter.
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Hi noting that your question to me has been answered and thanks...
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Last
0.6¢ |
Change
-0.001(8.33%) |
Mkt cap ! $14.82M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $1.018K | 188.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 7807817 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 6974481 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 7807817 | 0.005 |
21 | 19550162 | 0.004 |
11 | 16810668 | 0.003 |
6 | 20032500 | 0.002 |
4 | 27405000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 6974481 | 12 |
0.007 | 7056658 | 16 |
0.008 | 12112729 | 27 |
0.009 | 3930033 | 11 |
0.010 | 3983855 | 7 |
Last trade - 15.33pm 26/06/2025 (20 minute delay) ? |
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Hank Holland, Chairman & CEO
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